FTSE 100 Approaches 10,000 Milestone as 2026 Begins
The FTSE 100 began 2026 on a positive note, gaining 39 points to reach 9,971. This marks a new all-time high, nearing the significant 10,000 milestone. Despite the market’s holiday mood, the index demonstrated resilience in the early trading sessions.
Market Highlights
Multiple sectors contributed to this upward momentum. Precious metals miner Fresnillo PLC led the early gains, rising by 4.5%. Other notable performers included aerospace parts manufacturers Melrose Industries PLC and Rolls-Royce Holdings PLC, both increasing by just over 2%.
2025 Year-End Performance
The FTSE 100 concluded 2025 at 9,931.38 points. Although it experienced a slight dip of 9.3 points on New Year’s Eve, it still managed an impressive increase of over 1,600 points or 21.51% throughout the year. Investors are now keenly watching for upcoming economic data, including the UK manufacturing PMI survey.
Geopolitical Landscape
Analysts have provided insights into current geopolitical events affecting the market. US President Trump recently announced escalated military actions in Venezuela, targeting locations linked to drug trafficking. Additionally, he stated the US would support Israeli strikes on Iran if the country continued its missile and nuclear pursuits.
- US Military Actions: Strikes on Venezuela and sanctions on oil traders.
- Israeli-Iranian Tensions: US support for Israeli actions in response to Iranian activities.
- China’s Military Drills: Exercises around Taiwan amid tensions following a significant arms sale to the island.
These developments contribute to a complex market backdrop as economic indicators are anticipated. Investors remain cautious but engaged as they navigate these challenges into the new year.
